Coronavirus SME Guarantee Scheme

The government will provide support of up to
$40 billion of lending to SMEs

More Info View all COVID-19 Support for Small Businesses

Lenders will be encouraged to provide facilities with draw downs, such as a Line of Credit or Overdraft.

The borrower would only need to pay interest on any funds drawn down from the facility.

The scheme will commence in early April 2020 and end 30 September 2020, but some lenders may provide loans sooner than this.

All banks and non-bank lenders with an existing SME business lending line will be able to apply to participate in the scheme.

Do I qualify for the Coronavirus SME Guarantee Scheme?

Eligible lenders will receive the guarantee for loans that meet the following:

  • Annual turnover of less than $50 million
  • Maximum loan size of $250,000
  • Maximum loan term of 3 years
  • 6 Months repayment holiday
  • For working capital purposes

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Lend Capital matched our business with a lending group that professionally assisted us in receiving a loan to improve our business.

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The process was user friendly and easy to follow. The staff were professional and friendly, they communicated with me in a timely manner and weren't pushy.

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Excellent solution for cash flow loan for my small business. Easy application process.

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Simple on-line application process and I got the funding I needed. Thank you!

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Very fast and good communication, so easy and the progress was quick and simple. Little effort to be done. would recommend to others.

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Loved the easy to use website. They chose a range of options and provided great information to help making the choice easy. We were approved and had our funds within hours. What a great result. Thanks Lend :)

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